Search results

An opportunity has presented for us to buy a property with view to doing a reno and flipping it in 6 months. We are considering renting out our PPOR and living in the fixer upper Then moving back into the PPOR. We owe bugger all on the PPOR and would use some of the equity to fund the reno...

Hi All, Looking at buying a IP with the intention of renovating and selling. This would happen in less than 12 months so no CGT discount and property would not be rented out or treated as a PPOR. Would capitalise the interest on funds borrowed. Can I claim a tax deduction for the...

Hi All, Considering selling 1 of my IP's. The IP is currently leased to a corporate tenant and the lease has 12 months to run with an option to renew for a further 2 years at the end of the 12 months. As far as selling is concerned what are peoples thoughts on trying to sell it with the...

Hi All, Got a quote of almost $400 for an accountant to a PAYG withholding variation for me. All I have to do is provide her with my IP income/expenses and current salary & tax withheld on a form they are going to give me. Does this sound like a fair price? If not, what should I...

Hi All, first time poster. A quick tax question. From the ATO website I am aware you can claim a tax deduction for interest in respect of land purchased upon which you intend to build an investment property. My question is can you also claim an income tax deduction for interest you are...